Markets cheer Obama’s victory

The BSE benchmark gained 100 points after the Barack Obama re-elected as a US President for the next four years.Asian (ex-Japan) markets too gained ground following the US Elections outcome.
The Sensex moved up 98 points to 18,914.95 and the Nifty rose 31 points to 5,755.10, helped largely by banking and financials stocks.

Country’s largest lender State Bank of India surged over 2 percent while its rival ICICI Bank went up 1.34 percent. Housing finance company HDFC was up 1.4 percent and private sector lender HDFC Bank gained 0.3 percent.